Article by:
Austin Young
October 14, 2020
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Shared Solar Simplified - For Everyone | Ivy Energy

Shared Solar Simplified - For Everyone

Sustainable living is the need of the hour. Over the last half-decade, it has become an integral part of lifestyle for a continually growing section of the population in the United States. Whether it's composting food waste or avoiding single-use plastics, practices like these that aid in minimizing the carbon footprint, are being adopted actively.

Making the Most of Renewable Energy

While some of the sustainable lifestyle practices have become highly common due to the ease of doing them, some folks are taking it one step further by trying to figure out how to take advantage of the freely available renewable energy sources. This has led to them wondering if they could become more energy efficient by incorporating solar panels on their apartments or commercial properties. Some of the questions that pop up when trying to do so include:

  • Can solar savings and benefits be extended to renters?
  • How can one fairly split up the solar energy produced from onsite assets?

Challenges in Accessing Solar Benefits for Renters

The biggest challenge when it comes to renters and solar energy benefit access is that an apartment isn't a tenant's building to modify, and the roof-space isn't theirs to add solar panels. With the inability to shop around for electricity owing to lack of alternatives and other reasons, most residents are stuck with their local electricity provider.

Currently, half of California’s population(almost 20 million) do not have access to onsite clean energy due to unattainability. With local electric companies like SDG&E raising their baseline energy rates 106% in the last 10 years, electricity consumers are growing tired of increasing costs that may often be unjustified to them as consumers.

Ivy Energy Creating Ripples with Shared Solar

Thanks to the growing innovations, tools and research in the field of clean energy, there is some hope for tenants and landlords in California who are looking for affordable utility options. One such tool for relief is Ivy’s multi-family billing software. It lets property owners purchase a solar asset to generate electricity onsite, which in turn, can be sold to their tenants in that building.

The Ivy Intelligent software is run using proprietary virtual grid algorithms to distribute solar energy. This is based on real-time energy usage data and relates this solar allocation to exact avoided utility rates, creating the best method to equally distribute the benefits among all the tenants.

Why choose Ivy for your Solar Energy needs?

Ivy’s solar energy distribution helps in creating a win-win situation for various reasons:

  • Benefits both property owners and tenants
  • Does not require a roof
  • Low maintenance
  • Guaranteed savings

Our software collects smart virtual net meter energy usage data and provides multi-cost calculation bench-marking. Ivy Energy acts as a virtual utility inside an apartment complex operating as the brain for clean energy distribution. This helps property owners maximize their return on investment and protects against over discounting or over-billing by mirroring utility rates as they change over time.

It is committed to delivering a billing experience that creates brand value for the community by clarifying energy usage, costs, and savings in a transparent and user-friendly design.

Our solution dis-aggregates the benefits of a shared onsite energy system creating a financial return for owners and consumer-friendly savings and understanding for residents. Ivy seamlessly integrates with property owners' current billing ledger and offers a new solution for distributing solar energy fairly.

Ultimately, community solar is a hands-off experience. You never even have to see the solar farm in action to use its electricity. What cannot be stressed enough about community solar is that it is one of the easiest ways to adopt green electricity and save on electricity bills. As compared to residential solar panel installations, participating in community solar programs opens the doors and minimizes risk for those who cannot or do not wish to purchase personal solar energy systems.